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China Gold International Resources Ord Shs T.CGG

Alternate Symbol(s):  JINFF

China Gold International Resources Corp. Ltd. is a Canada-based gold and base metal mining company. The Company is principally engaged in the acquisition, exploration, development and mining of mineral resources in the People’s Republic of China (the PRC). It operates two mines, the CSH Gold Mine in Inner Mongolia, China and the Jiama Copper-Gold Polymetallic Mine in Tibet, China. The CSH gold mine is located in Inner Mongolia of China, approximately 210 kilometers (km) northwest of the city of Baotou, which is engaged in producing gold dore bars with silver as a by-product. The Jiama project is a copper gold polymetallic mine in China. The Jiama project is located within the Gangdise Copper Metallogeny Belt in Central Tibet, China and is approximately 60 kilometers east of Lhasa City along the Sichuan-Tibet Highway. The Jiama project is a polymetallic deposit consisting of copper, molybdenum, gold, silver, lead and zinc.


TSX:CGG - Post by User

Post by DumbCanuckon Nov 12, 2020 6:36pm
739 Views
Post# 31891998

Earnings up 151%

Earnings up 151%

Three months ended September 30, 2020

• Revenue increased by 29% to US$240.5 million from US$186.4 million for the same period in 2019. 

• Mine operating earnings increased by 151% to US$66.1 million from US$26.3 million for the same period in 2019. 

• Net income of US$47.6 million increased by US$47.9 million from a net loss of US$0.3 million for the same period in 2019. 

• Cash flow from operation increased by 60% to US$103.3 million from US$64.4 million for the same period in 2019. 

• Total gold production increased by 6% to 66,799 ounces from 63,113 ounces for the same period in 2019. 

• Total copper production increased by 20% to 48.6 million pounds (approximately 22,029 tonnes) from 40.4 million pounds (approximately 18,347 tonnes) for the same period in 2019.

The only screw up was their press release got mixed up with the last one from Oct 15 about the CFO.

I'll post the entire MD & A in another post.... 

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